Investing.com - BlackBerry reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.01 on revenue of C$351.85M. Analysts polled by Investing.com anticipated EPS of C$0 on revenue of C$353.89M. That compared to EPS of C$0.04 on revenue of C$289.43M in the same period a year earlier. The company had reported EPS of C$0.15 on revenue of C$343.34M in the previous quarter.
BlackBerry shares lost 9.55% to trade at C$9.85 in intra-day trade following the report.
For the year, BlackBerry shares are up 1.44%, under-performing the S&P/TSX which is up 15.24% year to date.
BlackBerry follows other major Technology sector earnings this month
On Wednesday, May 29, 2019, Descartes Systems reported first quarter EPS of C$0.12 on revenue of C$105.38M, compared to forecasts of EPS of C$0.18 on revenue of C$105.38M.
Enghouse Systems earnings beat analyst's expectations on Thursday, June 6, 2019, with second quarter EPS of C$0.3 on revenue of C$89.2M. Investing.com analysts expected EPS of C$0.28 on revenue of C$87.7M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar